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March 3- Bank of Nova Scotia posted a lower-than-expected quarterly profit on Tuesday, hurt by an increase in credit-loss provisions and higher expenses, sending its shares down about 1.6 percent. The results at Scotiabank, Canada's No. 3 lender, round out a mixed quarter for the country's big banks, with Royal Bank of Canada and Canadian Imperial Bank of Commerce...

March 3- Bank of Nova Scotia, Canada's No. 3 lender, reported a marginal rise in first-quarter profit on Tuesday, led by its global banking& markets unit. The lender, known as Scotiabank, said net income rose to C $1.73 billion, or C $1.35 per share, in the quarter ended Jan. 31, from C $1.71 billion, or C $1.32 per share, a year earlier. Scotiabank raised its quarterly dividend...

LONDON, March 3- A Bank of England probe into what central bank staff knew of malpractice in London's foreign exchange market failed to scrutinise officials closely enough and was "seriously incomplete", a senior lawmaker said on Tuesday. "The inquiry is seriously incomplete, and has failed to address the broader issues which the Chairman of the Bank's Court of...

TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, in what would be its second bailout in three years despite extensive restructuring. Fierce competition from Apple Inc, Samsung Electronics Co as well as cheaper Chinese makers has hammered Japan's...

WASHINGTON, March 2- Regulators shouldn't weaken a rule that limits banks' borrowing, a senior U.S. bank supervisor said on Monday, indicating a possible split with the derivatives watchdog over the issue. Tom Hoenig, second-in-command at the Federal Deposit Insurance Corp, said he disagreed with the head of the Commodity Futures Trading Commission who has...

KIEV, March 2- Before she was appointed to head Ukraine's central bank last June, Valeriia Gontareva was praised as one of the most successful investment bankers in the country. outside her office in Kiev. Certainly, no central banker would envy her record on paper: in less than nine months since she took office, the hryvnia has fallen to around 30 to the dollar from...

KIEV, March 2- Before she was appointed to head Ukraine's central bank last June, Valeriia Gontareva was praised as one of the most successful investment bankers in the country. outside her office in Kiev. Certainly, no central banker would envy her record on paper: in less than nine months since she took office, the hryvnia has fallen to around 30 to the dollar from...

*Tullow down on project delay and FTSE demotion worries. The Greek banking index fell nearly 10 percent, while lenders National Bank of Greece, Piraeus Bank and Alpha Bank fell 10.0 to 11.8 percent to feature among the top decliners. "The fears about a possible default for Greece are certainly not completely off the table," Gerhard Schwarz, head of equity strategy at...

Belgium had two major banking failures, Fortis and Dexia. With the former, toxic assets were purchased for 11.7 billion euros by a separate vehicle Royal Park Investments, owned by Fortis, the Belgian state and BNP Paribas. Credit Suisse and Lone Star Funds bought RPI's assets for 6.7 billion euros in 2013. RPI is active now only in U.S. legal disputes.

WASHINGTON— The head of the University of Delaware has been selected to be the new president of the Federal Reserve Bank of Philadelphia. The bank's board of directors announced Monday that Patrick T. Harker, 56, will succeed Charles Plosser, who retired effective March 1. In addition to serving as president of the University of Delaware, Harker was a professor of...

March 2- The Philadelphia Federal Reserve on Monday named Patrick Harker, one of its directors and the head of the University of Delaware, as its president and newest U.S. monetary policymaker. Harker, a lifelong resident of Pennsylvania and neighboring Delaware, has been president since 2007 of the university, where he teaches business administration and...

LONDON, March 2- European shares retreated from multi-year highs on Monday, with Greek banks slipping on lingering concerns about the country's debt and Tullow Oil falling on worries about project delays and its likely ejection from a major share index. The Greek banking index fell 9.4 percent, while lenders National Bank of Greece, Piraeus Bank and Alpha Bank...

ROME— The principality of Monaco has signed an accord with Italy aimed at ending banking secrecy, days after Switzerland and Liechtenstein inked similar pledges to exchange financial information with Rome. Italy's finance ministry said that the accord with Monaco, signed on Monday, will allow administrative cooperation and will "strengthen the fight...

CHARLEROI, Pa.— A regional southwestern Pennsylvania bank has changed its name from Charleroi Federal Savings Bank to cfsbank. President and Chief Executive Officer Neil Bassi says the name change better reflects the bank's growing regional presence. Founded 79 years ago in Charleroi, Washington County, the bank now has eight other branches, with others in...

NEW YORK, March 2- From its tower on Wall Street, Deutsche Bank enjoys a commanding view of lower Manhattan. That helped it close the global revenue gap with rivals like JP Morgan and Bank of America Merrill Lynch and put it within striking distance of No. 5- ranked Citigroup. It wants to take on U.S. investment banks on their turf and in February for example poached...

LOS ANGELES— PacWest Bancorp is buying Square 1 Financial in a deal valued at about $789 million. Square 1 Financial Inc., based in Durham, North Carolina, is the parent company of Square 1 Bank, and had one banking office in Durham and 12 U.S. loan production offices. Square 1 Bank will merge with Pacific Western Bank, a Los Angeles subsidiary of PacWest Bancorp.